I have found a few interesting opportunities and want to make sure I create the best foundation to build my portfolio.Pat

Hey @Corbin Wright, so this site came up earlier and I am a little dubious.Essentially, just because the property is working now, doesn't assure future success.So much goes into creating a successful STR that it can be difficult for those that have never done it to maintain the level of success.They want you to subscribe as well as pay for the "Pro" subscription.

It's great to have real estate exposure but you're missing a big part of the benefits if you aren't creating equity out the gate.I invest in Detroit where the housing stock is older.

In fact, it creates a lot more expense and time for just that reason.I have used several different database tools. 

Your question makes me want to check my state rules (Illinois), because I've thought many times that I might as well manage other people's STRs if I have all the processes set up to manage mine anyway.Finding a cleaning crew for 1 STR is difficult, but 5 is easy. 

I noticed when I tried to create a profile with Zillow separately to do what you’re doing, it says the duplex is attached to a different profile.

To get the best advice, it's smart to talk to a tax expert who knows about real estate and the rules in Washington State where you are.

Is there a % increase that others use or rules of thumb?

The rule technically is "2 out of the last 5 years," so in theory you could live in it for 2 years, rent it out for another 2.5 years, and then when you sell you would still be covered under this same exception.I am very passionate about real estate and would be happy to answer any other questions you might have.

@Paulette Midgette I just replied on the other thread you created.